A future less ordinary

Economics

Economics

Our Subject

What is the notion of ‘price’ in the economy – and how does it help us make decisions? Is there a link between climate change and economic activity? Economics is about decision-making in a world where there are many choices to be made. It brings meaning to the way that we make decisions about our lives. It is a subject that attempts to blend fact with theory in the search for better ways to manage our economy. It is a highly valued academic subject as well as being highly thought of by professional bodies.

To study Economics at Bilborough, you will need a minimum grade B in both GCSE Maths and English Language as there is lots of data analysis within the course structure.  Our students also have to be able to write extended essays on what they have analysed.

Our links with HE

Economics forms an important part of many professional examinations. It combines well with many other subjects, including Mathematics, Geography, Politics, Sociology, Law, Business Studies and Accounting. If you’d like any advice on degree courses or career paths, please speak to our knowledgeable teachers.


Course Structure

The AS course is made up of two modules, assessed by exam. Module 1 is ‘Markets and Market Failure’. Modern Economics involves the understanding of how markets work. This unit examines the behaviour of buyers and sellers who make up various markets, and how they interact. It is also about how and why markets don’t work efficiently sometimes. Module 2 is ‘The National Economy’. In this unit we look at the UK and other economies and assess how well they are performing. We analyse the key performance indicators of inflation, unemployment, economic growth and international trade. We consider the decisions that have to be made by government in the management of the economy, and the policies they can use in the quest to improve living standards.

In the second (A2) year, you will take two more units, building on Modules 1 and 2 in the broad contexts of Globalisation and The European Union.


Inspiration

Take a look at this Facebook page, ‘Why Study Economics?’







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